Only through application does information become power!
Information is Not What You Think
We currently live in a world of information inflation. If information was a dollar, everyone would be a millionaire! These days, information is cheap and most often free. The internet is the sum of the human race’s knowledge, just a mouse-click away. Need to learn something? There is a guru for it somewhere, I assure you.
Info is cheap. My information is free. Why?
Because power lies within the application of information, not just the knowledge of something. I can read a cookbook, but this doesn’t make me a chef. I can swing a hammer, but you damn sure don’t want me to build you a house.
A great many people know things, but a few will act with that information to the point of success. Success takes practice. Practice is the sum of all your failures that ultimately equals a successful change in your behavior.
What is the definition of insanity?
Did you just think of the old saying “insanity is doing the same thing over and over expecting a different result”?
What is the definition of practice?
Practice is doing the same thing over and over UNTIL you GET a different result! If you accept anything less, the sum of your failures will only equal a failure.
This is why I say information is not what you think. Be careful of anyone who is selling information these days. You can use AI to tell you how to do just about anything.
But after all the videos, all the books, all the articles, and guru’s opinions…when you wake up Monday morning and you ask yourself, “What is step number one? How do I actually get started? What is the first thing I need to do today to move my goals forward?”…that’s where the real educators in a market will become apparent.
You will come to realize the difference between those who teach cheap information vs. those who help you create real systems for the application of that knowledge. What is the difference?
EXPERIENCE!!!
Something money can’t buy (but it can rent). For example, I will give you all the information on how to buy multifamily properties on my blog and with my two books. I will also teach you how to use creative financing for multifamily. See links at the end of this article. You will spend less than $50. Want me to help you apply that information? That’s different.
I have been an owner-operator in this space for 20 years now, and I have taught multifamily investing for over 10 years. I have been through the 2008 cycle and what I am predicting to be a new 2024 debt cycle.
I don’t say this to impress you, but to impress upon you the need to do a little due diligence on anyone selling you information. Information is cheap. Application is priceless.
My books on multifamily investing:
- Real Estate Raw: A step-by-step instruction manual to building a real estate portfolio from start to finish.
- Creative Cash: The Complete Guide to Master Lease Options and Seller Financing for Investing
My blog: www.RealEstateRaw.com/blog YouTube: https://www.youtube.com/@realestate_raw
For more information like this, check out my blog at http://www.realestateraw.com and join my Facebook group Real Estate Raw for Multifamily Investors.
Best of luck!
Bill Ham